How Does the Discounting Process Work?

Seltinio: Discount is just me trying to use an overarching and somewhat braddy word to describe what's actually going on here. There's the list price, and then there's the discount they're going to offer you, and thenthere's the net price that they're Going to try and get you to pay. Seltinio says most people are getting some kind of a discount at private institutions; sometimes it's based on your financial need, on your income and your assets. Sometimes it'sbased on, in theory, at least, on merit o, you know, on your kid's performance or something like that. But often, he adds, "it's just